Vanguard Group Inc. Cuts Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Vanguard Group Inc. reduced its stake in Lattice Semiconductor Corporation by 1.0%, selling 148,815 shares and now holds a total of approximately 14.8 million shares valued at $776 million.
• Several institutional investors have increased their holdings in Lattice Semiconductor, with Allworth Financial LP raising its stake by 65.7% in the first quarter alone.
• Analysts maintain a consensus rating of "Moderate Buy" for Lattice Semiconductor, with a price target averaging around $63.58, despite some analysts lowering their price projections.

Vanguard Group Inc. decreased its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,795,582 shares of the semiconductor company's stock after selling 148,815 shares during the period. Vanguard Group Inc. owned 10.75% of Lattice Semiconductor worth $776,028,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Lattice Semiconductor by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 103,185 shares of the semiconductor company's stock worth $5,845,000 after purchasing an additional 2,876 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Lattice Semiconductor in the fourth quarter worth about $28,325,000. Treasurer of the State of North Carolina lifted its stake in Lattice Semiconductor by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 59,881 shares of the semiconductor company's stock worth $3,392,000 after purchasing an additional 380 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after purchasing an additional 163 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in Lattice Semiconductor in the fourth quarter worth about $295,000. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Down 0.0%

LSCC stock traded down $0.02 during trading on Friday, hitting $63.53. 2,360,519 shares of the company's stock traded hands, compared to its average volume of 2,976,547. The firm has a market capitalization of $8.70 billion, a P/E ratio of 276.23, a PEG ratio of 4.67 and a beta of 1.52. The business has a fifty day simple moving average of $53.19 and a two-hundred day simple moving average of $53.19. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. Lattice Semiconductor's revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. On average, equities research analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, CAO Tonya Stevens sold 3,439 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $64.92, for a total transaction of $223,259.88. Following the transaction, the chief accounting officer directly owned 87,776 shares of the company's stock, valued at $5,698,417.92. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

LSCC has been the subject of several analyst reports. Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, August 5th. Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. KeyCorp decreased their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, TD Cowen reduced their target price on shares of Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Lattice Semiconductor has a consensus rating of "Moderate Buy" and an average price target of $63.58.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.